Universities

Victoria University of Wellington

Chancellor: Ian McKinnon
Vice-Chancellor: Professor Pat Walsh to February 2014; Professor Grant Guilford from March 2014
Main Campus Key Main Campus
Wellington
AQA Academic Audit
Whole institution audit timeline: August 2014
Audit Report: November 2009
Funding by TEC
79.6% Teaching and Learning
0.0% Capability
20.4% Research
0.0% Scholarships/Learners
TEC Funding
Delivery by Level
0.0% Level 1–2
0.3% Level 3–4
0.2% Level 5–6
88.7% Level 7–8
10.8% Level 9–10
Delivery By Level
Delivery by Subject
43.7% Society and Culture
13.3% Management and Commerce
11.4% Natural and Physical Sciences
8.7% Architecture and Building 
7.5% Creative Arts
15.5% Other
Delivery By Subject

In 2013 Victoria University of Wellington (Victoria) continued to perform well educationally and remained in a healthy financial position.

Responsiveness

In the 2013 Annual Report Chancellor Ian McKinnon highlighted a number of Victoria’s achievements, including the completion of the Victoria Hub, a three-storey building and courtyard providing students with social spaces, comfortable study areas, a bookshop, café and pharmacy. He also cited Victoria’s overall top ranking in the Performance-Based Research Fund (PBRF) Quality Evaluation in 2012; the 31 Marsden grants ($11.2 million) awarded to academics at Victoria; and the success of former graduate Eleanor Catton who received the Man Booker Prize for literature. Of further note was Victoria’s increased number of international relationships developed during the year, strengthened in part through its hosting of a number of international conferences. Victoria also continued its work towards an inclusive environment for staff and students with the introduction of Equity and Diversity Staff Excellence Awards to recognise the work of individuals in this field.

Outgoing Vice-Chancellor Professor Pat Walsh recognised a number of additional achievements, including the attainment of first or second place in 25 subject areas in the 2012 PBRF Quality Evaluation, as well as Professor of Criminology John Pratt receiving the Mason Durie Medal for advancing social science, and academic staff winning three of the 10 Rutherford Discovery Fellowships. He further flagged Victoria’s university-wide focus on digital technologies to engage students and prepare them for success in the modern world.

Victoria’s enrolments increased by one percent (137 EFTS) compared with 2012, which was the first time in five years total EFTS had increased. The majority of Victoria’s delivery was at Levels 7–8 (89%), followed by Levels 9–10 (11%), with provision concentrated in Society and Culture (44%), Management and Commerce (13%), and Natural and Physical Sciences (11%).

Participation across the TES priority groups showed youth accounting for 80 percent of total enrolments, while Māori and Pasifika accounted for 10 percent and five percent respectively. Victoria had 1,538 full-fee paying international EFTS (2,093 students).

EffectivenessTop

Victoria was above or on par with the university sector average for all educational performance indicators (EPIs), with the exception of qualification completion. Victoria also improved its rate of student retention by six percentage points on the previous year.

Performance of the TES priority groups (Māori, Pasifika and under-25-year-olds) was above the sector average for all EPIs except student progression for Pasifika and qualification completions for all three groups.

Financial performanceTop

Victoria had a net surplus of $17.6 million, which was $1.2 million (6.2%) lower than its 2012 result. This was primarily owing to cost increases exceeding revenue gains.

Total revenue grew by $8.7 million (2.5%) from 2012 to 2013 as a result of increases in government revenue and student fees. In this same period expenditure increased by $9.9 million (2.5%), mostly in operating and occupancy costs.

Total assets increased by a net $11.7 million (1.6%) between 2012 and 2013, with notable increases in cash, cash equivalents and investment balances ($7.5 million); the value of trade and other receivables ($4.8 million); and intangible assets ($2.0 million).

In 2013 the university council appointed Professor Grant Guilford, Dean of the Faculty of Sciences at the University of Auckland, to take over from Professor Pat Walsh as Vice-Chancellor on 1 March 2014.

TES Priorities

Participation (SAC)
2013 Performance Victoria University
sector 
Students under 25 80% 74%
Māori 10% 10%
Pasifika 5% 7%
Course Completion (SAC)
2013 Performance  Victoria University
sector 
All  86% 86%
Students under 25 86% 86%
Māori 80% 80%
Pasifika 71% 70%
Qualification Completion (SAC)
2013 Performance  Victoria University
sector 
All 76% 81%
Students under 25 69% 72%
Māori 68% 71%
Pasifika 52% 59%
Overview of Educational Performance
Enrolments 2013 % of University sector 2011 2012 2013
Student Achievement Component (SAC) EFTS 13% 15,578 15,459 15,595
SAC Students 12% 20,404 19,029 19,326
Educational Performance Indicators - SAC University sector 2011 2012 2013
Successful Course Completion 86% 85% 86% 86%
Qualification Completion 81% 77% 77% 76%
Student Retention 84% 81% 81% 86%
Student Progression L1-4 49% 88% 83% 75%
Overview of Financial Performance*
Summary Financial Statements ($000) 2011 2012 2013
Revenue      
Total government revenue $153,718 $156,311 $159,040
Domestic student fees $69,083 $72,986 $77,067
International student fees $30,008 $30,318 $29,746
Other income (including research) $83,989 $89,548 $92,049
Total revenue $336,798 $349,163 $357,902
Expenses      
Personnel $185,878 $184,733 $185,101
Total expenses $322,357 $330,393 $340,276
Net surplus (after unusual and non-recurring items) $14,514 $18,780 $17,613
Assets      
Property plant equipment and intangibles $680,153 $680,772 $681,841
Total Assets $746,580 $745,279 $756,955
Equity (net assets) $618,958 $618,038 $635,651
Cashflow      
Net cashflow from operations $55,038 $51,975 $52,809
Purchase of plant property equipment and intangibles $56,497 $56,243 $38,735
Other      
Staffing FTE 1,974 1,824 1,883
Total EFTS to Total Staff FTE ratio 9 : 1 9 : 1 9 : 1
Total EFTS to Teaching Staff FTE ratio (academic & tutorial) 19 : 1 23 : 1 22 : 1